Principal 1 10,000, one-month interest 1000 and one-year interest 1 10,000; The annual interest rate is100%; 5%4=23% is more than four times the bank's loan interest rate in the same period (the annual interest rate of loans in the same period from one year to five years exceeds 5.75%, which is not protected by law;
Two, ten thousand yuan plus interest of one thousand and eighty yuan, what is the percentage?
If the loan is repaid in one lump sum (interest 1080 yuan) for a whole year, the annualized interest rate of this loan is equal to 10.8%. If the loan term is not a whole year, or the principal and interest are not repaid at one time, then the annualized interest rate of the loan is not this rate.
3. How much is the monthly interest on borrowing 10,000 yuan?
If you borrow 1 10,000, with a monthly interest rate of 1000 and a monthly interest rate of 10%, the loan interest rate will be 120% from next year. Even for ordinary private lending financing, the monthly interest rate is generally 2% or 3%. The loan interest rate 10% and 10% are basically the same. According to the national laws and regulations, those who exceed the bank loan interest rate by 4 times are not protected by law. Such a high interest rate is also extremely risky, and the principal risk needs to be considered when borrowing.
4. If you borrow 10,000 yuan and pay back 1,000 yuan every month, how high is the interest?
The interest rate is too high, the monthly profit has reached 1, and it will return to the capital in less than one year! In any case, it is not recommended that you operate. If your loan interest is too high, if your loan risk is too high, you are likely to lose everything.